NORTHERN OCEAN HABITAT FOR HUMANITY INC

EIN: 223661840 501(c)(3)

TOMS RIVER, NJ

Total Revenue
$2,914,307
Total Expenses
$3,496,834
Total Assets
$3,263,343
Net Assets
$1,815,229
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NJ
Phone
7328189500
Tax Period
2024-07-01 to 2025-06-30

NORTHERN OCEAN HABITAT FOR HUMANITY INC, founded in 1999, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

The mission of Northern Ocean Habitat for Humanity is to transform lives in our community by building and repairing homes in partnership with the families we serve. Our vision is a world where everyone has a safe, affordable, and decent place to call home.

Program Service Accomplishments

Program 1
Expenses: $1,100,153

ReStore-Northern Ocean Habitat for Humanity ReStore operates a 15,000-square-foot nonprofit retail store in Toms River, New Jersey, providing low-cost home furnishings and construction materials to...

Read more

ReStore-Northern Ocean Habitat for Humanity ReStore operates a 15,000-square-foot nonprofit retail store in Toms River, New Jersey, providing low-cost home furnishings and construction materials to the community and accepting purchase vouchers from the Ocean County Board of Social Services. The ReStore functions as a social enterprise, averaging approximately 3,200 sales transactions per month, with net proceeds supporting the organization's affordable home construction and critical home repair programs. In 2025, the ReStore expanded community engagement through a Facebook inventory group with more than 11,000 members and advanced environmental sustainability by diverting approximately 665 tons of reusable materials from landfills.

Program 2
Expenses: $907,747

Home Repair Program - Northern Ocean Habitat for Humanity's Home Repair Program provides critical health, safety, and accessibility repairs for low-to-moderate income homeowners, with a focus on...

Read more

Home Repair Program - Northern Ocean Habitat for Humanity's Home Repair Program provides critical health, safety, and accessibility repairs for low-to-moderate income homeowners, with a focus on seniors, veterans and households facing age, disability or financial related challenges. ADA accessibility modifications are delivered through the organization's Aging in Place Program, helping older adults and individuals with disabilities safely remain in their homes. The program partners with homeowners to preserve safe, stable housing and prevent displacement by addressing interior and exterior life-safety issues, code violations, and habitability concerns. Repairs are completed through a combination of volunteer labor and licensed subcontractors under the direction of Northern Ocean Habitat construction staff. Since program inception has completed over 450 critical home repairs.

Program 3
Expenses: $898,830

Affordable Homeownership Program - Northern Ocean Habitat for Humanity's Affordable Homeownership Program provides low-to-moderate-income families with the opportunity to achieve safe, stable, and...

Read more

Affordable Homeownership Program - Northern Ocean Habitat for Humanity's Affordable Homeownership Program provides low-to-moderate-income families with the opportunity to achieve safe, stable, and affordable homeownership through affordable mortgage financing. The program develops and rehabilitates homes in partnership with qualified families and is carried out with the support of volunteers and community members who assist in the construction process. Construction costs are offset through donated labor and materials, as well as community donations and grant funding. Since 2002, the organization has completed 24 affordable homes, helping families reduce housing cost burden and achieve greater housing stability.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,406,088
Program Service Revenue $350,000
Investment Income $27,628
Other Revenue $130,591
TOTAL REVENUE $2,914,307

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,313,527
Fundraising Expenses $73,040
Program Expenses $2,906,730
Other Expenses $2,183,307
TOTAL EXPENSES $3,496,834

Year-over-Year Comparison

2024 2023 Change
Revenue $2,914,307 $2,567,997 +0.1%
Expenses $3,496,834 $2,672,169 +0.3%
Net Income $-582,527 $-104,172 +4.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
33
Volunteers
294

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$87,975
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTINE NOVAKOWSKI Executive Dir. 40.00
Officer
$87,975 $0 $87,975
SHARON K BARKER President 1.00
Officer Director
$0 $0 $0
ROB CILIENTO Director 1.00
Director
$0 $0 $0
CHARLES SCHLAPFER Director 1.00
Director
$0 $0 $0
DAVE APPLEGATE Director 1.00
Director
$0 $0 $0
JENNIFER J EDMONDS PHD Director 1.00
Director
$0 $0 $0
BRIDGET BONICA Director 1.00
Director
$0 $0 $0
ANGIE LOMBARDI Director 1.00
Director
$0 $0 $0
KIM CLEMENTS Director 1.00
Director
$0 $0 $0
DAVID GRAHAM Director 1.00
Director
$0 $0 $0
PAUL AMATO Director 1.00
Director
$0 $0 $0
DAVID M NILSEN Treasurer 1.00
Officer Director
$0 $0 $0
ANJELICA WEBBER Vice President 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,914,307 $3,496,834 $3,263,343 $-582,527
2024 $2,567,997 $2,672,169 $3,969,606 $-104,172
2023 $2,746,960 $2,920,795 $4,116,861 $-173,835
2022 $2,808,411 $2,095,782 $2,815,343 $712,629
2021 $1,907,456 $1,465,739 $2,304,235 $441,717
2020 $1,873,038 $1,345,523 $2,007,737 $527,515
2019 $1,825,239 $1,860,598 $1,146,015 $-35,359
2018 $1,747,892 $1,769,056 $1,284,059 $-21,164
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NORTHERN OCEAN HABITAT FOR HUMANITY INC with other nonprofits in New Jersey and across the country.